In December 2024, XRP became the largest altcoin by trading volume on Binance, with the trading volume in the Binance futures market reaching $116.6 million.

XRP has garnered significant attention from institutional investors for two main reasons: its application in cross-border payments and the expectation that U.S. laws will become clearer during Trump's term. The total open interest for XRP currently stands at $1.9 billion, of which Binance accounts for $812 million.